The Hanshin Diesel Works,Ltd., First Half Ordinary Profit Decreases by 60%, July-September Ordinary Profit Turns to Loss

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Tue Nov 5, 2024 3:30 pm JST Earnings

6018 The Hanshin Diesel Works,Ltd. 【J-GAAP】

Earnings Report

The Hanshin Diesel Works,Ltd. <6018> [TSE-S] announced its financial results after the market closed on November 5th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 59.8% from the same period last year to 136 million yen. The progress rate against the 500 million yen full-year plan was 27.2%, also falling below the five-year average of 65.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 19.3% from the same period last year, reaching 364 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a loss of 82 million yen (compared to a profit of 216 million yen in the same period last year). The operating profit/loss margin drastically worsened from 8.4% in the same period last year to -3.7%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	4,303	337	361	248	76.9	60.0	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	4,753	310	338	227	70.4	52.6	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	5,570	105	136	110	34.0	27.2	Nov 5, 2024	J-GAAP
YoY	+17.2%	-66.1%	-59.8%	-51.5%	-51.6%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	5,570	100	130	110	34.0	0	Oct 15, 2024	J-GAAP
Apr - Sep, 2024 Results	5,570	105	136	110	34.0	0	Nov 5, 2024	J-GAAP
Revision Rate	0.0%	+5.0%	+4.6%	0.0%	+0.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	4,883	241	305	229	70.8	60	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,830	345	364	250	77.2	70	Nov 5, 2024	J-GAAP
YoY	+60.4%	+43.2%	+19.3%	+9.2%	+9.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,064	550	602	406	126.0	50	May 15, 2023	J-GAAP
Mar, 2024	9,636	551	643	456	141.1	60	May 13, 2024	J-GAAP
Mar, 2025 Guidance	13,400	450	500	360	111.2	70	Oct 15, 2024	J-GAAP
YoY	+39.1%	-18.3%	-22.2%	-21.1%	-21.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,351	197	216	145	45.0	8.4	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	2,197	129	162	114	35.4	5.9	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	2,686	112	143	115	35.6	4.2	May 13, 2024	J-GAAP
Apr - Jun, 2024	2,716	211	218	166	51.6	7.8	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	2,854	-106	-82	-56	-17.3	-3.7	Nov 5, 2024	J-GAAP
YoY	+21.4%	－	－	－	－